Tesla secures $30B in new credit lines as it looks to scale Cybercab, Optimus

Tesla announced it has secured $30 billion in new loan facilities intended to support scale-up of several hardware initiatives, including the Cybercab robotaxi, the Optimus humanoid robot, and the Tesla Semi. The package consists of a $20 billion three-year delayed-draw term loan arranged with Citibank, plus two facilities provided by Wells Fargo: an $8 billion five-year revolving credit line and a separate $2 billion revolving line with a 364-day term. In a regulatory filing, Tesla said it does not plan to draw on these new facilities during the current year. The company has already outlined a sizable capital spending plan, projecting at least $25 billion in capital expenditures for 2026, and entered the second quarter with roughly $9 billion of debt and more than $40 billion in cash and investments. Tesla’s new products are driving factory and production-line investments. The Semi truck and the Optimus robot are being supported by purpose-built factories, while the Cybercab robotaxi likewise requires new manufacturing capacity. The credit lines provide optional liquidity that can be used as those programs move from development toward larger-scale production. By lining up committed financing now, Tesla keeps flexibility to fund multi-year buildouts without immediately increasing borrowings, while signaling it has the cash resources and external capacity to support an aggressive capex agenda next year.